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The Risk of Weaponized AI to Financial Institutions

October 17, 2018

SALT LAKE CITY (October 17, 2018) — Galileo Financial Technologies, LLC (“Galileo”), the company behind the tech that powers dynamic financial services delivered by North America’s boldest and most exciting fintech companies, financial institutions and investment firms, announced that CEO Clay Wilkes and AI visionary, Pedro Domingos, will speak at Money20/20 in a fireside chat titled, “Real Stories from the AI Arms Race in Cybersecurity and Fraud.”

Together, Clay and Pedro will deliver intel about the critical threat that weaponized AI poses to financial institutions and the solutions being developed to combat this growing issue. “I am excited to join Pedro Domingos on the Money20/20 stage to share an insider perspective about AI in practice,” said Clay Wilkes, Galileo’s Founder and CEO. “It is a critical time for payments companies to embrace AI as a tool to help combat fraud, and I am thrilled to share insights about how Galileo has significantly moved the needle in this category.”

Joining Wilkes is AI author, University of Washington professor and visionary, Pedro Domingos whose research into machine learning and AI has been influential in the data and computer science world. His 2015 bestseller, “The Master Algorithm,” introduced the idea of AI and machine learning to the mainstream. “The quest for more intelligent learning by computers has many powerful and remarkable impacts on our lives,” said Pedro Domingos. “As leaders in business, payments and technology, it is critical to weigh the opportunities to tap into these advancements with the increasing need to plan for growing security threats and issues of fraud.”

Mark your calendar for Galileo’s fireside chat at Money20/20 in Las Vegas, Nevada on Monday, October 22 in the Cyber Dome at Murano Ballroom, Level 3 (Venetian) at 1:50 p.m. PT. If you would like to connect with Galileo at the show, visit their meeting room – second floor, room 2401B.

The first 100 guests to visit Galileo’s meeting room (2401B) after the presentation will receive a signed copy of “The Master Algorithm” by Pedro Domingos. Money20/20 is the premiere conference for the payments and fintech industries, with 11,000+ attendees from more than 4,500 companies expected at this year’s event. A global audience of leaders, including 1,700 CEOs and company presidents representing 85 countries will gather to network, explore business opportunities and raise awareness of their news and missions among their peers.

About Galileo Galileo is the company behind the tech that powers the most innovative fintech companies, financial institutions and investment firms in North America. Utilizing the industry’s most sophisticated processing platform, Galileo handles thousands of financial transactions every moment of every day and provides comprehensive APIs and complete back-office support, allowing Galileo’s clients to stay fully focused on creating the greatest value and best experiences for their customers. Galileo’s approach makes it a trusted partner with innovative thinking and advanced data science and engineering capabilities to deliver on it's our promise of flexibility, security and scalability. Galileo is based in Salt Lake City, Utah.

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